Dawson Geophysical Company New Common Stock (DWSN) Correlation Distribution
Across 6,792 rolling correlation observations between Dawson Geophysical Company New Common Stock (DWSN) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,792
- Mean correlation
- 0.233
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 6.2%
- Sector
- Oil & Gas Field Exploration Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 135 | 2.0% | |
| -0.6 to -0.5 | 135 | 2.0% | |
| -0.5 to -0.4 | 407 | 6.0% | |
| -0.4 to -0.3 | 406 | 6.0% | |
| -0.3 to -0.2 | 341 | 5.0% | |
| -0.2 to -0.1 | 340 | 5.0% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 313 | 4.6% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 340 | 5.0% | |
| 0.3 to 0.4 | 598 | 8.8% | |
| 0.4 to 0.5 | 597 | 8.8% | |
| 0.5 to 0.6 | 1,053 | 15.5% | |
| 0.6 to 0.7 | 1,052 | 15.5% | |
| 0.7 to 0.8 | 209 | 3.1% | |
| 0.8 to 0.9 | 209 | 3.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DWSN?
Dawson Geophysical Company New Common Stock (DWSN) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is DWSN positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 6.2%.
What is the most common correlation range for DWSN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for DWSN.
Open interactive dashboard →